Pakistan’s debt burden high: Moody’s

NEW YORK (NNI): Moody’s Investors Service has affirmed the government of Pakistan’s B3 issuer and senior unsecured ratings, and maintained a stable outlook. Pakistan’s medium-term growth outlook is strong, supported by the China-Pakistan Economic Corridor (CPEC) project to address critical infrastructure constraints, and the continuing effects of macrostability-enhancing reforms started under the International Monetary Fund (IMF)’s Extended Fund Facility (EFF) programme in 2013-16.